Negotiated settlement of plant/building at Halsa

Protector Forsikring ASA has finalised a claims
settlement with Codfarmers ASA which implies that
Codfarmers ASA receives a cash settlement of NOK 8m
for the plant/building at Halsa and that Protector
participates in a share issue in Codfarmers ASA with
NOK 10m. The deal is subject to a successful share
issue in Codfarmers ASA of NOK 50m and that
Innovation Norway (the mortgagee) approves the
settlement. The settlement will have no influence on
Protector's Q2 result.


Oslo, 11 May 2010
Protector Forsikring ASA